Hangzhou Greenda Electronic Materials Co (SHSE:603931) ROCE % : 8.95% (As of Mar. 2024)

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What is Hangzhou Greenda Electronic Materials Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Hangzhou Greenda Electronic Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.95%.

Hangzhou Greenda Electronic Materials Co ROCE % Historical Data

The historical data trend for Hangzhou Greenda Electronic Materials Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hangzhou Greenda Electronic Materials Co ROCE % Chart

Hangzhou Greenda Electronic Materials Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.57

14.49

13.81

14.38

14.17

Hangzhou Greenda Electronic Materials Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.20	17.89	10.54	20.32	8.95

Hangzhou Greenda Electronic Materials Co ROCE % Calculation

Hangzhou Greenda Electronic Materials Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	201.988	/	( ( (1553.352 - 192.788)	+	(1678.217 - 187.679) )	/ 2 )
	=	201.988	/	( (1360.564	+	1490.538)	/ 2 )
	=	201.988	/	1425.551
	=	14.17 %

Hangzhou Greenda Electronic Materials Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	135.02	/	( ( (1678.217 - 187.679)	+	(1686.864 - 160.828) )	/ 2 )
	=	135.02	/	( ( 1490.538	+	1526.036 )	/ 2 )
	=	135.02	/	1508.287
	=	8.95 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Hangzhou Greenda Electronic Materials Co (SHSE:603931) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Hangzhou Greenda Electronic Materials Co ROCE % Related Terms

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Hangzhou Greenda Electronic Materials Co (SHSE:603931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hangzhou Greenda Electronic Materials Co Ltd (SHSE:603931) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 9936, Hong15 Road, Linjiang Industrial Park, Xiaoshan, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311228

Website

http://www.greendachem.com

Hangzhou Greenda Electronic Materials Co Ltd is engaged in production and sales of ultra-clean and high-purity wet electronic chemicals. The company is a developer of TMAH and provides various electronic chemical products for TFT-LCD, IC, PV and other industries and integrated management services. Its products include Hydrochloric Acid, Sulphuric acid, Phosphoric acid, Nitric acid, Tetramethylammonium Hydroxide, Isopropanol, Potassium Hydroxide, among others.

Executives

Yin Yun Jian

Director

Hangzhou Greenda Electronic Materials Co (SHSE:603931) Headlines

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